Cms Energy (CMS) Cost of Revenue (2009 - 2026)
Cms Energy's (CMS) quarterly Cost of Revenue came in at $448.0 million in Q1 2026, up 10.62% year-on-year from $405.0 million in Q1 2025, and down 11.98% quarter-over-quarter from $509.0 million in Q4 2025.
Cms Energy (CMS) Cost of Revenue (2009 - 2026) Analysis & Trends
Cms Energy's Cost of Revenue history runs 18 years deep, the most recent figure standing at $448.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 10.62% year-over-year to $448.0 million in Q1 2026; TTM through Mar 2026 was $1.8 billion, a 7.86% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 5.43% from the prior year.
- Cost of Revenue slipped to $448.0 million in Q1 2026 per CMS's latest filing, from $509.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $530.0 million in Q4 2022 and bottomed at $334.0 million in Q1 2022.
- The 5-year median for Cost of Revenue is $412.0 million (2024), against an average of $421.7 million.
- Biggest YoY gain for Cost of Revenue was 29.04% in 2023; the steepest drop was 23.96% in 2023.
- Year by year, Cost of Revenue stood at $530.0 million in 2022, then slipped by 23.96% to $403.0 million in 2023, then grew by 4.22% to $420.0 million in 2024, then grew by 21.19% to $509.0 million in 2025, then retreated by 11.98% to $448.0 million in 2026.
- Per Business Quant, the three latest CMS Cost of Revenue figures stand at $448.0 million (Q1 2026), $509.0 million (Q4 2025), and $416.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 460,767.51 Bn | 460,767.24 Bn | 1.70 Bn | 780.98 Mn |
| 2 | Dominion Energy | 61.81 Bn | 61.46 Bn | - | - |
| 3 | Xcel Energy | 50.34 Bn | 48.58 Bn | 4.02 Bn | 3.00 Mn |
| 4 | Wec Energy | 37.10 Bn | 37.06 Bn | 2.04 Bn | 1.39 Bn |
| 5 | Energy Co Of Parana | 34.38 Bn | 33.72 Bn | - | - |
| 6 | Ameren | 31.02 Bn | 31.01 Bn | - | - |
| 7 | Edison International | 30.26 Bn | 30.11 Bn | - | - |
| 8 | Firstenergy | 28.56 Bn | 28.48 Bn | 2.74 Bn | 1.46 Bn |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.71 Bn | 22.62 Bn | 2.28 Bn | 448.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 448.00 Mn |
| Mar 31, 2026 | 448.00 Mn |
| Dec 31, 2025 | 509.00 Mn |
| Dec 31, 2025 | 509.00 Mn |
| Sep 30, 2025 | 416.00 Mn |
| Sep 30, 2025 | 416.00 Mn |
| Jun 30, 2025 | 397.00 Mn |
| Jun 30, 2025 | 397.00 Mn |
| Mar 31, 2025 | 405.00 Mn |
| Mar 31, 2025 | 405.00 Mn |
| Dec 31, 2024 | 420.00 Mn |
| Dec 31, 2024 | 420.00 Mn |
| Sep 30, 2024 | 412.00 Mn |
| Sep 30, 2024 | 412.00 Mn |
| Jun 30, 2024 | 404.00 Mn |
| Jun 30, 2024 | 404.00 Mn |
| Mar 31, 2024 | 402.00 Mn |
| Mar 31, 2024 | 402.00 Mn |
| Dec 31, 2023 | 403.00 Mn |
| Dec 31, 2023 | 403.00 Mn |